CALIFORNIA FIRST LEASING - CFNB STOCK NEWS

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California First Leasing, a subsidiary of California First National Bancorp, is an FDIC-insured national bank focusing on capital assets and banking services. With over $780 million in assets, the bank prioritizes customer service, offering competitive rates and high-speed financial services through phone and online banking. Committed to convenience, quality, and FDIC insurance, the bank aims to provide personalized service and a superior banking experience.

California First Leasing Corporation, a closed-end investment company, maximizes current income through leases and investments to generate capital appreciation. The company recently announced a tender offer to repurchase up to 200,000 shares of common stock, enhancing value for shareholders.

12/05/2023 04:15 PM

News

CALIFORNIA FIRST LEASING CORPORATION ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFER

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California First Leasing Corporation (CalFirst Lease, OTCQX: CFNB) announced the results of its oversubscribed tender offer to purchase up to 200,000 shares of its common stock for $16.50 per share, with a total of 575,537 shares being tendered. The company has accepted for purchase 394,069 shares, representing approximately 4.1% of the outstanding common stock. The aggregate cost of the purchase is approximately $6,502,139, with a preliminary proration factor of 68.5 percent.

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CALIFORNIA FIRST LEASING CORPORATION COMMENCES TENDER OFFER FOR UP TO 200,000 SHARES

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California First Leasing Corporation (CFNB) has announced a tender offer to repurchase up to 200,000 shares of its common stock, representing approximately 2.1% of its outstanding shares. Shareholders can tender their shares at a price of $16.50 per share. The offer is expected to expire on December 4, 2023. The CEO stated that the tender offer provides an opportunity for shareholders to sell their shares and receive a return on their investment. The company reserves the right to purchase an additional 2% of outstanding common stock if more than 200,000 shares are tendered.

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FAQ

What is the current stock price of CALIFORNIA FIRST LEASING (CFNB)?

The current stock price of CALIFORNIA FIRST LEASING (CFNB) is $20 as of June 3, 2024.

What is the market cap of CALIFORNIA FIRST LEASING (CFNB)?

The market cap of CALIFORNIA FIRST LEASING (CFNB) is approximately 176.9M.

What does California First Leasing specialize in?

California First Leasing specializes in capital assets and providing banking services.

Who owns California First Leasing?

California First Leasing is a wholly owned subsidiary of California First National Bancorp.

What is the company's financial standing?

With over $780 million in assets as of December 31, 2015, California First Leasing is financially robust.

What type of banking services does California First Leasing offer?

California First Leasing offers phone and online banking services with competitive rates and high-speed financial services.

What is California First Leasing's commitment to customers?

California First Leasing is committed to delivering a superior banking experience with convenience, quality, and personalized service.

What is the recent announcement from California First Leasing?

The company recently announced a tender offer to repurchase up to 200,000 shares of common stock.

How does California First Leasing maximize income?

California First Leasing maximizes current income through leases and other investments to generate capital appreciation.

What sets California First Leasing apart from other banks?

California First Leasing focuses on offering personalized service, competitive rates, high-speed financial services, and FDIC insurance.

What is the recent achievement of California First Leasing?

California First Leasing successfully initiated a tender offer to repurchase shares, enhancing value for shareholders.

How does California First Leasing aim to enhance shareholder value?

California First Leasing aims to enhance shareholder value through initiatives like tender offers and maximizing current income through investments.

CALIFORNIA FIRST LEASING

OTC:CFNB

CFNB Rankings

N/A Ranked by Market Cap

N/A Ranked by Dividends

CFNB Stock Data

Market Cap 176.88M

Float 10.28M

Insiders Ownership 86.08%

Institutions Ownership 6.9%

Short Percent 0.15%

Industry Credit Services

Sector Financial Services

Website Link

Country United States of America

City Newport Beach